International Monetary Fund pegs India's economic growth rate at 5.4 pct in 2014-15

Comments 0
International Monetary Fund (IMF) projected a higher 5.4 per cent economic growth for India in 2014-15. Reuters International Monetary Fund (IMF) projected a higher 5.4 per cent economic growth for India in 2014-15. Reuters
SummaryInternational Monetary Fund sees India's economic growth rate being affected by inflation.

development, a group of businessmen from G20 nations has decided to explore funding opportunities in infrastructure in different countries, including India, that require a whopping USD 57 trillion through 2030.

In a statement, infrastructure and investment task force of B20 - a grouping of business leaders of G20 nations - said its focus in 2014 will be on making recommendations to the G20 to help direct flow of capital and capability to infrastructure projects across the globe.

G20 nations comprise rich and developing countries, including India.

"It is estimated that at least USD 57 trillion will be needed to finance infrastructure projects worldwide through 2030," the B20 said.

The B20 engages with G20 governments on behalf of the international business community. In 2014, the B20 would focus on developing actionable recommendations that would drive global economic growth and create jobs.

The annual global infrastructure investment deficit has been estimated at US 1 trillion which could result in lost economic growth of USD 3 trillion each year.

Single Page Format
Ads by Google

More from Economy

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...